Merit Shop Contractors 2021 and 2022
The Contractor Compensation Quarterly (CCQ) is especially designed for the busy construction executive that needs to keep abreast of competitive compensation and benefit levels within the industry.
Merit Shop contractors anticipate skilled craft hourly wage increases of 4.52% in 2022 (4.39% including zeros). Actual increases for 2021 were 4.42% (including zeros) and 4.65% (excluding zeros). These increases are across the board for all craft, contractor types, sizes, and regions of the country. WorldatWork reports 2022 actual construction increases at 4.1%. Historically, survey participants projected numbers are slightly lower than the actual year end figure.